Buy a NAMA property and get an Irish visa for free!
“Approved participants in the Investor Programmes and their immediate family members will be allowed enter the State on multi-entry visas and to remain here for a defined period. Ordinarily this will be for a period of 5 years – reviewable after 2 years. The sort of investments envisaged will include a specially created low interest Government Bond, capital investment in an Irish business – which may need it for the protection or creation of jobs, or in some cases the purchase of property – including that held by NAMA.”
Of particular note was the reference to NAMA. Despite the official protestations, NAMA is intrinsically tied to the State, but it does compete with non-State companies eg Ulster Bank, Certus, both of which are actively disposing of property loans and foreclosed property.
How much is an Irish Visa for a family worth? It would be interesting to know what scale of ‘investment’ would be necessary to secure a visa for a non EU family, but what ever it is that’s how much the Irish Government wants to force it’s citizens to over pay for the same property.
Its Albert and his Irish-passports-for-a-million-quid trick again.
Welcome back, the 1980s and GUBU. I missed you while you were gone/hiding
We’re really scraping the bottom of the barrel now…
Almost 3 years ago I proposed this as a solution to our woes and people thought I was being facetious.
Don’t they do this in the US?
Latvia do it, so it’s not like we’re going to have a monopoly on selling EU membership.
EU residency for sale at your nearest Latvian Estate Agency
Anyone from outside the European Union who buys property in Latvia or invest in business will now receive EU residency rights, the BBC reports.
With Latvia suffering one of the worst economic crises in Europe, many praise the new way of attracting foreign investment.
Property buyers can get European Union residency rights thrown in as an added ‘bonus’, rather like a free washing machine with a Wimpy starter home.
Critics say European residency rules could be abused by criminals, but the real point is whilst the UK and other countries spend millions trying to restrict non-EU immigration and secure their borders, Latvia, a member of the European Union, is effectively flogging EU passports through Estate Agents!
Yes, you can now legally buy EU residency from Latvian Estate Agents!
Everything is for sale in the good old USofA dontchaknow!!